Introduction


Tired of chasing gold signals manually, only to watch your profits vanish in choppy markets? You’re not alone… traders everywhere struggle with timing and emotion. Enter Gold Fisher EA MT5, a free MetaTrader 5 expert advisor designed specifically for the XAU/USD market. Whether you’re a seasoned pro or a complete beginner, this EA aims to remove guesswork and automate your gold trading with precision. In this post, we’ll dive deep—covering everything from backtested performance to installation steps—so you can decide if Gold Fisher EA MT5 is your next trading ally. And hey, it’s completely free, courtesy of YoForex’s commitment to empowering traders worldwide. Let’s fish for gold!


Overview


Gold Fisher EA MT5 is built on a hybrid strategy combining trend detection and volatility filters. It scans the gold market for high-probability entries, employs dynamic stop-loss and take-profit levels, and adapts to shifting market conditions. Unlike many off-the-shelf robots that rely on martingale or grid tactics, Gold Fisher EA sticks to fixed lot sizing and proven risk-management rules—so you won’t see your account blown out in one bad swing.



  • Fully compatible with MetaTrader 5

  • Tailored to XAU/USD 24/5 trading sessions

  • Designed for low drawdown (≤5%) while capturing 1–2% profit per trade

  • Ideal for both demo and live accounts, with minimal optimization required


YoForex has rigorously tested this EA under multiple market regimes—gold uptrends, downtrends, and consolidations—to ensure resilience. Ready to see how it fished out profits?



Key Features


• Automated Trend Detection: Uses multiple moving-average crossovers and ATR bands to pinpoint gold’s directional bias.
• Volatility Filter: Avoids market noise by trading only when Average True Range exceeds a configurable threshold.
• Dynamic Risk Management: Calculates trade size based on account balance and user-defined risk percentage.
• Fixed Stop-Loss & Take-Profit: No martingale or grid; each position has predefined exit points.
• Trailing Stop: Locks in profits when the trade moves in your favor.
• Session Manager: Limits trading to high-liquidity hours, reducing slippage.
• News Filter: Pauses trading around major economic events to prevent erratic price spikes.
• One-Click Optimization: Built-in optimizer for walk-forward analysis within MT5’s Strategy Tester.
• Visual Trade Panel: Easily adjust settings on the chart without digging into code.
• Logs & Alerts: Detailed text logs plus push/email notifications for every trade.


Backtest Results & Proof


We ran a thorough backtest on XAU/USD H1 from January 1, 2018 to December 31, 2024, using real tick data and 99% modeling quality in MT5’s Strategy Tester.



  • Net Profit: 42,300 USD on a 10,000 USD initial deposit

  • Total Trades: 1,250

  • Win Rate: 64%

  • Max Drawdown: 4.8%

  • Profit Factor: 1.75


The equity curve demonstrates steady upward growth with minor, controlled dips. In live-forward testing on a demo server from January 2025 to April 2025, Gold Fisher EA MT5 delivered an average monthly return of 2.1% with a max drawdown of 3.2%.


(Image #1: Backtest equity curve of Gold Fisher EA MT5)
(Image #2: Risk vs. reward infographic for Gold Fisher EA MT5)


These results highlight the EA’s robustness across volatile gold markets. Of course, past performance doesn’t guarantee future returns—so always demo-test before going live.


How to Install & Configure



  • Download the EA: Grab your free copy at https://fxcracked.org/downloads/gold-fisher-ea-mt5.

  • Copy to Experts Folder: In MT5, go to File → Open Data Folder → MQL5 → Experts and paste GoldFisherEA.ex5.

  • Restart MT5: Close and reopen MetaTrader 5 so it recognizes the new EA.

  • Attach to Chart: On an XAU/USD H1 chart, drag “Gold Fisher EA MT5” from the Navigator panel.

  • Recommended Settings:

  • Risk per Trade: 1%

  • Max Spread: 20 points

  • News Filter: On

  • Sessions: 02:00–22:00 server time

  • Enable AutoTrading: Click the AutoTrading button on MT5’s toolbar.



Why Choose YoForex-Powered Tools?


YoForex has been at the forefront of retail trading automation, with a reputation built on transparency and continuous improvement. Every free EA—including Gold Fisher EA MT5—comes with:



  • Regular updates based on user feedback

  • Detailed documentation and setup guides

  • Active bug-fix cycle and optimization patches

  • A community of traders sharing tips and settings


Learn more about our mission on the About Us page. You’ll see why thousands trust YoForex as their go-to EA hub.


Support & Disclaimer


If you hit any snag or spot a bug, ping us on WhatsApp or join our Telegram group for real-time help. Our support team usually responds within a few hours.


Disclaimer: Past performance is not indicative of future results. Trading carries risk and may not be suitable for all investors. Always demo-test new strategies and use proper risk management.


Call to Action


Ready to automate your gold trades? Grab your free Gold Fisher EA MT5 now at fxcracked.org and start fishing for profits. Don’t trade alone—our community on WhatsApp and Telegram is here 24/5 to back you up!